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The finance function of Company E are considering using blockchain technology for its ledger systems Which of the following will be an advantage of introducing this technology?

Options:

Costs of maintaining and reconciling ledgers can be reduced

Transactions are recorded by a sole participant

It will be easy to understand and work with.

Records can be easily changed and amended

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Question 2

N works in the Finance Department of a frozen food distribution company. His role includes analysing how long it takes for customers to settle their accounts and, in turn, when the company's payables are cleared.

Which of the following is described above?

Options:

Performance reporting

Preparation of forecasts

Working capital control

Cost reporting

Question 3

The marketing environment includes political, economic, social, technological, ecological and legal factors affecting marketing (PESTEL). Select THREE examples of economic factors.

Options:

Consumers' propensity to save

Interest rates

The introduction of new legislation relating to business tax

The rate of inflation

New ways of distribution

Social mobility

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